Business, Personal

What is Personal Contract Hire?

Posted on May 19, 2017

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Personal Contract hire- What Is It?

Personal Contract Hire is our most popular type of leasing arrangement for Private Individuals. Quite simply, you take on a car for a fixed period of time, and at the end of the fixed term, you simply hand the vehicle back to the leasing company. There is no burden of having to purchase and dispose of the vehicle, no residual value risk, and additional features such as fixed cost vehicle maintenance can be included.

How Does It Work?

The process for leasing a vehicle on Personal Contract Hire is simple. First decide on the make/model of vehicle(s) required. Then decide on the term of agreement (usually 2 to 5 years), and estimate the mileage you expect the vehicle to travel over the duration of contract. Build in optional vehicle maintenance and we'll then provide a fixed monthly Personal Contract Hire rental which will remain unaffected by changes to residual values or interest rates.

The leasing company retains ownership of the vehicle, and at the end of the primary term, you simply hand the vehicle back.

Key Features

Low Initial Payment - Normally as little as 3 months required in advance

Easy to Budget - with fixed regular payments

Flexible- With Contract Terms from 2 to 5 years and total contract mileage allowance of up to 140,000

Low Risk- No depreciation risk or hassle on disposal

Great Choice - all makes & models available with Concept Vehicle Leasing

Hassle Free- Road Tax usually included for the Full Term, and Fixed Cost Vehicle Maintenance an option

FREE Essential Accident Assist

Why Concept?

Established, Experienced Leasing Provider with a reputation for impartial advice and Service Excellence

All Makes & Models (Cars and Commercials)

Direct funding from major Banks and Leasing Companies, assuring you of the Best rates

Dedicated Account Management

UK Nationwide Service Provision

BVRLA Accredited Member

Personal Contract Hire is a great way to get into a brand new vehicle and will save you money in the long run. If you like brand new vehicles and saving money call us on 0800 043 2050 now or visit our website.